Intel Q1 2026: EPS $0.29 Crushes $0.02 Estimate by 2,800% — Stock Surges 15% After Hours on Tesla/SpaceX Foundry Wins

# Intel Q1 2026: EPS $0.29 Crushes $0.02 Estimate by 2,800% — Stock Surges 15% After Hours on Tesla/SpaceX Foundry Wins

> **Quick answer:** Intel reported Q1 2026 adjusted EPS of $0.29 against a Wall Street consensus of $0.01–$0.02 — a 2,800% beat that nobody saw coming. Revenue of $13.58 billion beat estimates by $1.16 billion. Intel announced Tesla and SpaceX as foundry customers on its 14A process node via Elon Musk's planned Terafab facility. INTC surged 15% in after-hours trading, moving from $66.78 to approximately $76.78.

**Editor's note:** An earlier article on this site reported pre-earnings scenario data showing a potential EPS miss. Those numbers were drawn from a pre-report analyst scenario model and were incorrect. This article supersedes that coverage with Intel's confirmed Q1 2026 actuals reported April 23, 2026.

Intel's Q1 2026 earnings beat is not a small positive surprise. It is one of the most spectacular quarterly reversals in recent semiconductor history — a $0.29 adjusted EPS print against a consensus that had clustered around $0.01 to $0.02, representing a beat of roughly 2,800%. Paired with the announcement of Tesla and SpaceX as 14A foundry customers, this is the quarter that may mark the true inflection point of Intel's multi-year turnaround.

This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.

## The Numbers: What Intel Actually Reported